Before you can obtain a license, part of its statutory requirement is to have a trading name. Having a trading name is a way for the government to know the business activity you will be carrying. Fedlan Kılıçaslan

There are various premises to choose from, especially if you opt to set up in the free zone area. They can offer you different offices or facilities that will best suit your business requirements. This process can be done right after you have secured your business license. Fedlan Kılıçaslan

Chasing those shiny objects that inundate us Every. Single. Day. can be so tempting when we don't know our numbers and have a business and marketing plan in place to follow. Fedlan Kılıçaslan

Having the protocols in place for quick and efficient responses to a customer's queries or grievances, is one way of ensuring the individual stays a loyal customer and does not spread negativity about the business or product. Happy customers are loyal customers. Fedlan Kılıçaslan

Being able to identify a suitable and good service based company is very important if the new business or existing business owner intends to hire its services to help enhance the site's potential. Fedlan Kılıçaslan

Before entering into a business partnership with someone, you need to ask yourself why you need a partner. If you are looking for just an investor, then a limited liability partnership should suffice. However, if you are trying to create a tax shield for your business, the general partnership would be a better choice. Fedlan Kılıçaslan

Business Management Consultant at Black Sheep Business Consulting, Kevin Foreman shared a valuable lesson he learned about wasting money: Fedlan Kılıçaslan

Even if you trust someone to be your business partner, there is no harm in performing a background check. Calling a couple of professional and personal references can give you a fair idea about their work ethics. Background checks help you avoid any future surprises when you start working with your business partner. If your business partner is used to sitting late and you are not, you can divide responsibilities accordingly. Fedlan Kılıçaslan

Ultimately, to grow a business, it's important to ensure whatever you are investing money in has an ROI (Return on Investment). If that investment, such as a fancy new phone, a program teaching you skills outside of your area of expertise, or state-of-the-art camera, can't make you money, then reconsider and use those funds for something that will. Fedlan Kılıçaslan

Why Business Plans are a Must-Have. You've heard about the importance of business plans but do you know why they are so essential? My guest Pamela Chatry shares valuable business plan insights. Fedlan Kılıçaslan

All these different types of basic service providing entities are all in place with one goal in mind and that is to create the platform for revenue earning potential. Therefore, in order to understand and identify which would be best suited for the individual business owner, more research should be done to find the style that best suits the individual's needs. Fedlan Kılıçaslan

This distinction allows the individual to then decide of the accompanying tools that should be chosen for the purpose of enhancing the business experience and also to contribute positively to the ease of running the business entity. Fedlan Kılıçaslan

Making a sale is only the first step is the relationship building exercise, which will eventually contribute to either the success or failure of any business endeavor. Therefore, it is important to pay attention to the customer service offered to cement the success rate desired. Fedlan Kılıçaslan

Achieving our goals is one such intention. Do you have your business goals mapped out? What do you want to achieve in the next 6 months? By next year? 5 years from now? Fedlan Kılıçaslan

They can have an opportunity for investors to open up a stall or even a kiosk in Dubai's most popular tourist areas. Investors must keep in mind that before applying for another commercial license for gold business via the DED, they have to find a local partner who will hold 51 per cent of the shares in the company. Fedlan Kılıçaslan

There is no way to start a business in Dubai without having a business license. As mentioned above, you can choose to start your gold business in Dubai with the three different authorities like DED, JAFZA, and DMCC. They all require investors to have their business registered before carrying out their business activity. Unlike JAFZA and DMCC, which is in the Free zone, DED requires a particular requirement of having a local sponsor who will own 51 percent of the shares before he/she can obtain a business license. Usually, getting a license requires some of the primary documents: Fedlan Kılıçaslan

Business partners should complement each other in terms of experience and skills. If you are a technology enthusiast, teaming up with a professional with extensive marketing experience can be quite beneficial. Fedlan Kılıçaslan

Given all the information above, you may think that starting a gold business in Dubai is not overly complex. Doing it alone may still lead you to troublesome situations and unexpected expenses; that is why it is essential to seek professional help. In IBG Consulting, we guide you based on knowing the legal proceedings and business structuring in Dubai. We have a pool of talented consultants that will help you start your gold business in Dubai or anywhere in the UAE. If you want to know more about how you can create a gold business in Dubai, contact us or visit our website for a consultation. Fedlan Kılıçaslan

Alternatively the value of the service based business can be calculated on the value of the service being provided in a consultancy capacity which is evaluated against the insights the said service will bring to the company with the intention of creating a system thereby the said company is able to save or be more cost effective. Fedlan Kılıçaslan

Business partnerships are a great way to share your profit and loss with someone you can trust. However, a poorly executed partnerships can turn out to be a disaster for the business. Here are some useful ways to protect your interests while forming a new business partnership: Fedlan Kılıçaslan

All these different types of basic service providing entities are all in place with one goal in mind and that is to create the platform for revenue earning potential. Therefore, in order to understand and identify which would be best suited for the individual business owner, more research should be done to find the style that best suits the individual's needs. Fedlan Kılıçaslan

Achieving our goals is one such intention. Do you have your business goals mapped out? What do you want to achieve in the next 6 months? By next year? 5 years from now? Fedlan Kılıçaslan

Taking the customer for granted is the first and most common mistake most businesses make. This is especially evident when the business has expanded to now successful and comfortable levels. Often forgotten is the customers that brought the business to such heights in the first place. Fedlan Kılıçaslan

First on the list would be the Gold Trading License in Dubai's Department of Economic Development (DED), wherein the heart of the UAE's gold market is established. This authority is how you incorporate a business in the most famous gold markets in the world, the Gold Souk in Deira. The mainland jurisdiction offers a local license via the DED if an investor opts to form a retail outlet in this area. Fedlan Kılıçaslan

Most service based forays are labor intensive which the business entity revolves around. This is either packaged as the selling of expertise in a particular field or the selling of the actual "engines" that produce the desired outcome that bring in the revenue. Fedlan Kılıçaslan

VWhy Business Plans are a Must-Have. You've heard about the importance of business plans but do you know why they are so essential? My guest Pamela Chatry shares valuable business plan insights. Fedlan Kılıçaslan

Customer perception of a company is very important to the progress and eventual success of any business endeavor, therefore it is very important to be able to identify the appropriate service based one to best suit the individual's needs. Fedlan Kılıçaslan

Before entering into a business partnership with someone, you need to ask yourself why you need a partner. If you are looking for just an investor, then a limited liability partnership should suffice. However, if you are trying to create a tax shield for your business, the general partnership would be a better choice. Fedlan Kılıçaslan

Basically offering the time frame required to create a particular service or to provide the content of the project itself is how the cost factor is calculated and the profits are gained in the service based business. Fedlan Kılıçaslan

Before you can obtain a license, part of its statutory requirement is to have a trading name. Having a trading name is a way for the government to know the business activity you will be carrying. Fedlan Kılıçaslan

Make sure you take legal opinion before signing any partnership agreements. It is one of the most useful ways to protect your rights and interests in a business partnership. It is important to have a good understanding of each clause, as a poorly written agreement can make you run into liability issues. Fedlan Kılıçaslan

VSince Dubai has proven itself as a healthy and sustainable environment for jewellery and gold business both local and international investors, it is safe to say that starting a gold company in Dubai is highly profitable and can provide growth for the business. Fedlan Kılıçaslan

Business partnerships are a great way to share your profit and loss with someone you can trust. However, a poorly executed partnerships can turn out to be a disaster for the business. Here are some useful ways to protect your interests while forming a new business partnership: Fedlan Kılıçaslan

The second choice for setting up a gold trade business in Dubai would be in the Gold and Diamond Park located along Sheikh Zayed Road. If you are an expat wanting to own 100 per cent of the business, this place is perfect for you as it is a free zone company setup. You can own 100% of your company with no taxes and have total resettlement of profit. Fedlan Kılıçaslan

There is no way to start a business in Dubai without having a business license. As mentioned above, you can choose to start your gold business in Dubai with the three different authorities like DED, JAFZA, and DMCC. They all require investors to have their business registered before carrying out their business activity. Unlike JAFZA and DMCC, which is in the Free zone, DED requires a particular requirement of having a local sponsor who will own 51 percent of the shares before he/she can obtain a business license. Usually, getting a license requires some of the primary documents: Fedlan Kılıçaslan

Somewhere along the way, especially us women, we got it into our heads that we should know how to do everything that involves building a business. Fedlan Kılıçaslan

Getting into a business partnership has its benefits. It allows all contributors to share the stakes in the business. Depending on the risk appetites of partners, a business can have a general or limited liability partnership. Limited partners are only there to provide funding to the business. Fedlan Kılıçaslan

Business partnerships are a great way to share your profit and loss with someone you can trust. However, a poorly executed partnerships can turn out to be a disaster for the business. Here are some useful ways to protect your interests while forming a new business partnership: Fedlan Kılıçaslan

Business Management Consultant at Black Sheep Business Consulting, Kevin Foreman shared a valuable lesson he learned about wasting money: Fedlan Kılıçaslan

VOK, so I hope this article gives those looking to start their own online service based business a better understanding on what it takes to set up and grow a successful online serviced based business. Fedlan Kılıçaslan

Obtaining a visa can be achieved with the help of your service provider. Visas are required, especially if you have to hire an employee. As the holder of a UAE business license, you also have the power to sponsor others for their visa too. The number of visas you can apply for will depend on the size of your company or business, the type of company you choose, and your earnings. Fedlan Kılıçaslan

Simplifying & Demystifying the Business Plan. Creating a business plan doesn't have to be scary or overwhelming. My guest Pamela Chatry covers the important components that go into a business plan. Fedlan Kılıçaslan

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media, is a Web Specialist, Business & Marketing Consultant, and Social Media Advisor. She works with entrepreneurs who struggle with having the lack of knowledge, skill and support needed to create their online business presence. Fedlan Kılıçaslan

Before entering into a business partnership with someone, you need to ask yourself why you need a partner. If you are looking for just an investor, then a limited liability partnership should suffice. However, if you are trying to create a tax shield for your business, the general partnership would be a better choice. Fedlan Kılıçaslan

Why Business Plans are a Must-Have. You've heard about the importance of business plans but do you know why they are so essential? My guest Pamela Chatry shares valuable business plan insights. Fedlan Kılıçaslan

Chasing those shiny objects that inundate us Every. Single. Day. can be so tempting when we don't know our numbers and have a business and marketing plan in place to follow. Fedlan Kılıçaslan

Customer perception of a company is very important to the progress and eventual success of any business endeavor, therefore it is very important to be able to identify the appropriate service based one to best suit the individual's needs. Fedlan Kılıçaslan

Chasing those shiny objects that inundate us Every. Single. Day. can be so tempting when we don't know our numbers and have a business and marketing plan in place to follow. Fedlan Kılıçaslan

Manufacturing companies also come under the category of providing a service to the industry and the customer needs. In this scenario the products or items are made and sold within the company's business entity thus ensuring monetary gains are derived both from the product and the service offered by manufacturing the product. Fedlan Kılıçaslan

Making use of as many online tools as possible to promote the business or product intended is one way to start the enhancement of the marketing skills venture. Fedlan Kılıçaslan